AREA REPORTS

Griffith

 

 

NSW/
Griffith

Suburb Profile

Griffith - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2680

house
unit

Property investors have seen a 1.52% gain in GRIFFITH based on an increase in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains GRIFFITH, 2680 saw average growth in the long term.

The NSW suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $335,000

Profits averaged 3.89% per annum over a 3-year period, due to an upward trend in home prices in GRIFFITH, 2680.

This means, real estate investors could earn a rental income of $350 based on current median home prices for the suburb.

The gross rental yield in GRIFFITH, 2680 is 5.43%.

An average of 32.83 real estate transactions take place per month in GRIFFITH which translates to 394 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $335,000 $260,000
GROWTH REPORT
Median Quarterly 1.52% 4%
Median 12 month 4.69% 1.76%
Median 3 years 11.67% 30%
Median 5 years 26.89% 21.5%
10 years average annual 2.34% 3.22%
Weekly media advert. rent $350 $300
Time on Market 57.5 days 78.3 days
Gross Rental Yield Percent 5.43% 6%
demographics (median values)
Total Population
15827
Weekly Household Income
924.6
Household Size
2.60
demographics
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